Bitcoin was never meant to be a hedge against a Global Pandemic

[Reid]

Yeah, but the financial industry will need to heal first.
This would is getting deeper and deeper and even government officials are being forced to let the employees work just for the economy to sustain everything which is not a good look for me.

I'd rather see them alive the next month rather than forcing it just so the money could keep on coming.
People are the ones who will make it and without them then why would you want to make the economy better?
Let them be safe first so they will still have humans to govern.

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[LeGaulois]

I have been disappointed also, I was thinking after a while in the situation of isolation and reduced used of fiat for period over 3 months, digital coin will be engaged but some decided to get back to fiat from cryptocurrency. I saw different news on countries proceeding to production of their own stable coin but were all rumor. There are more exposure on cryptocurrency with this crisis and it might lead to more adoption after the crisis is over.

This isn't rumors, there are several news articles about it, central banks statistics, reports, etc. Central banks are working for months on their own digital currencies (since 2018 well before COVID-19 exist). why would they start to accept a currency stateless than they don't control
We would need a major crisis like in 1929 to see ''perhaps" Bitcoin adopted. The human isn't ready to accept cryptocurrencies, mentalities toward money and how the system work need to change first.

- 70% of central banks exploring Central Bank Digital Currencies https://www.ledgerinsights.com/bis-70-percent-central-bank-digital-currency-cbdc/

- Explainer: Central bank digital currencies - Moving towards reality? https://www.reuters.com/article/us-cenbank-digital-currencies-explainer/explainer-central-bank-digital-currencies-moving-towards-reality-idUSKBN1ZM2JH

- Discussion Paper Central Bank Digital Currency: Opportunities, challenges and design
https://www.bankofengland.co.uk/-/media/boe/files/paper/2020/central-bank-digital-currency-opportunities-challenges-and-design.pdf?la=en&hash=DFAD18646A77C00772AF1C5B18E63E71F68E4593

[criza]

I thought at first that Bitcoin wouls strive more in these kinds of crisis because, people would likely turn more on using it than fiats that are vurnerable in spreading the virus. As the physical markets closed down, so is the standing of Bitcoin. Should have expected it when the price decreased as the virus spreads even more.

But, these days prove to be a good sign for the future of Bitcoin because the price is now stable in a $6,000+ value. Hoping this would contine till the next month up until the halving.

[Arkann]

I thought at first that Bitcoin wouls strive more in these kinds of crisis because, people would likely turn more on using it than fiats that are vurnerable in spreading the virus. As the physical markets closed down, so is the standing of Bitcoin. Should have expected it when the price decreased as the virus spreads even more.

But, these days prove to be a good sign for the future of Bitcoin because the price is now stable in a $6,000+ value. Hoping this would contine till the next month up until the halving.

I think that first of all we should look at the technical characteristics of Bitcoin and the benefits it brings to society and the economy.  First of all, if Bitcoin will be used as a means of payment and will be recognized as a digital asset, then its price will definitely increase due to demand and will become more stable than it is today.  And the fact that Bitcoin has a certain amount will enable users and owners of Bitcoin to be confident in their future, since Bitcoin is not subject to inflation and this enables people to preserve the value of all their assets and savings.  The fact is that any crisis in the world that is provoked by various irritants in any case affects the economy and the value of the national fiat currency, and Bitcoin in this situation can significantly affect the circumstances in which most people today are.

[Bezobraznike]

I thought at first that Bitcoin wouls strive more in these kinds of crisis because, people would likely turn more on using it than fiats that are vurnerable in spreading the virus. As the physical markets closed down, so is the standing of Bitcoin. Should have expected it when the price decreased as the virus spreads even more.

But, these days prove to be a good sign for the future of Bitcoin because the price is now stable in a $6,000+ value. Hoping this would contine till the next month up until the halving.

I think that first of all we should look at the technical characteristics of Bitcoin and the benefits it brings to society and the economy.  First of all, if Bitcoin will be used as a means of payment and will be recognized as a digital asset, then its price will definitely increase due to demand and will become more stable than it is today.  And the fact that Bitcoin has a certain amount will enable users and owners of Bitcoin to be confident in their future, since Bitcoin is not subject to inflation and this enables people to preserve the value of all their assets and savings.  The fact is that any crisis in the world that is provoked by various irritants in any case affects the economy and the value of the national fiat currency, and Bitcoin in this situation can significantly affect the circumstances in which most people today are.

   Arkann I totally agree with you, everything you wrote is truth. With Bitcoin nobody can decide to make infinite Bitcoin supply, like
some governments are doing now. We would have better economy, more transparent economy, and all of us will contribute to that
in some way, not just group of people!
   I don't think about the price of Bitcoin, it's moving all the time, I think about the future of Bitcoin and I believe that others will
recognize what is Bitcoin capable of doing.